Regardless of your goal setting methodology, the right goals and the right software will be crucial to your success. Whether your organization functions with MBOs and KPIs, a Balanced Scorecard system, or our preferred choice, OKRs, (Objectives and Key Results), scaling the operating process is difficult in the absence of the right software.
The OKR methodology has transformative benefits when executed properly. It aligns and focuses everyone in the organization on those few objectives that matter most, it facilitates collaboration and employee engagement, and it makes performance measurable.
In this article, we’ll discuss the most important features of an OKR Software platform and the software provider, and how they enable the two components of the protocol, OKRs and their logical adjunct which drives engagement, CFRs (Conversations, Feedback, and Recognition).
Bringing the Goal Setting Process Into One System
Best in class OKR software brings the entire process, Objectives and Key Results, and CFRs into one system. The OKR function allows you to set and manage measurable objectives and align everyone in the organization to your top corporate objectives. The vertical and horizontal visibility of a Goal Alignment Chart creates this alignment and fosters collaboration.
Goal Alignment Chart
Automated Systems Simplify the User Experience and Create the OKR Habit
Great OKR software also automates the CFR function, enabling you to monitor and measure performances and to use data and analytics to drive informed decisions. It’s been said that in an OKR implementation, regularly scheduled check-ins are imperative. In the absence of these frequent conversations, the methodology regresses to what is basically a “set them and forget them,” MBO-type process.
These check-ins provide the opportunity for conversations and feedback as to goal performance and identifying any roadblocks. Managers then take real-time corrective action.
We know that making goals public to the entire organization is crucial, as productivity is enhanced by well-defined, challenging goals, communicated throughout your company. In fact, a Deloitte study found that no single factor has more impact on corporate performance than “clearly defined goals that are written down and shared freely.” We also know that when these goals are frequently revisited, performance is accelerated.
The best software platforms automate this regularly scheduled check-in process, simplifying the user experience and helping to build the OKR habit. To ensure compliance, OKR software will develop Engagement Reports for the OKR lead. See below. This report identifies any employee or manager not fully engaged in the process.
Identify Key Results at Risk Across the Company
Atiim software enables executives to review all Key Results at risk across the company on a single pane of glass. These insights allow real-time course-correction and the ability to address roadblocks, leading to real gains in execution across the company.
Another incredibly useful, standard report in OKR software is the Monday Morning Report, enabling executives to review progress on a frequent basis, and the ability to drill down through the organization on any “at risk” objectives.
Monday Morning Report
We hope this short article and sample screenshots have helped you discern how the right goal setting software can benefit your team’s execution.
Are you a CEO guiding a company? An executive responsible for managing teams? Does aligning employee performance to company goals matter, and are you responsible for driving results? If so, please check out a live demo of Atiim OKR & Goals Management Software and we’d love to hear your thoughts.